Brokerages Expect QEP Resources, Inc. (QEP) Will Post Earnings of -$0.07 Per Share
Wall Street brokerages predict that QEP Resources, Inc. (NYSE:QEP) will announce ($0.07) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for QEP Resources’ earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at $0.03. QEP Resources posted earnings per share of ($0.15) during the same quarter last year, which suggests a positive year-over-year growth rate of 53.3%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that QEP Resources will report full year earnings of ($0.44) per share for the current financial year, with EPS estimates ranging from ($0.52) to ($0.34). For the next year, analysts expect that the business will report earnings of ($0.25) per share, with EPS estimates ranging from ($1.09) to $0.23. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover QEP Resources.
QEP Resources (NYSE:QEP) last issued its quarterly earnings data on Wednesday, October 25th. The pipeline company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.11. QEP Resources had a negative return on equity of 3.48% and a negative net margin of 0.90%. The business had revenue of $390.10 million during the quarter, compared to analysts’ expectations of $393.87 million. During the same period in the previous year, the firm posted ($0.21) earnings per share. The company’s revenue was up 2.0% on a year-over-year basis.
Shares of QEP Resources (QEP) traded down $0.44 during midday trading on Wednesday, hitting $9.12. The stock had a trading volume of 5,327,154 shares, compared to its average volume of 5,017,647. QEP Resources has a twelve month low of $7.02 and a twelve month high of $21.12. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.52.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commerce Bank purchased a new stake in QEP Resources during the 2nd quarter worth about $102,000. Suntrust Banks Inc. lifted its holdings in QEP Resources by 5.8% during the 2nd quarter. Suntrust Banks Inc. now owns 13,536 shares of the pipeline company’s stock worth $135,000 after buying an additional 748 shares during the last quarter. Pitcairn Co. lifted its holdings in QEP Resources by 4.3% during the 2nd quarter. Pitcairn Co. now owns 13,512 shares of the pipeline company’s stock worth $136,000 after buying an additional 563 shares during the last quarter. Southport Management L.L.C. purchased a new stake in QEP Resources during the 3rd quarter worth about $171,000. Finally, Bbva Compass Bancshares Inc. purchased a new stake in QEP Resources during the 3rd quarter worth about $178,000. 93.29% of the stock is owned by hedge funds and other institutional investors.
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QEP Resources Company Profile
QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.
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